What are the responsibilities and job description for the Anti-Money Laundering Analyst position at AllSTEM Connections?
AllSTEM Connections is currently hiring an AML Analyst for one of our clients in the banking industry.
Location: Newar, DE
Contract: 6 Months
Pay: $30/hr
Job Description:
Interpretation of AML Risk standards, guidelines, policies, and procedures. Make risk-based determination through Quality Analysis whether alerts were properly cleared by Compliance Alerts Analysts. Ensure Alert data has been accurately collected and documented, including but not limited to: Investigations data, Suspicious Activity Reports (SARS) & Currency Transaction Reports (CTR), Know Your Customer (KYC) information, any relevant account and transaction data and all required information which would assist in an investigation. Strong research, analytical and comprehension skills, with ability to analyze large amounts of data.
Job responsibilities:
- Have the ability to make decisions autonomously, consulting with management and Senior Investigators on more complex issues.
- Gather thorough/accurate evidence on multiple case assignments including financial profiles, tracing financial transactions, and background information on suspects using various systems and tools.
- Be responsible for analyzing individual cases for closure or referral to other units. Make Suspicious Activity Report (SAR) decisions and prepares suspicious activity reports (SARs) as required.
- Document key data and issues related to the investigation including potential loss, status of investigations etc.; responsible for analyzing data; making and documenting critical regulatory reporting decisions; completes accurate and timely regulatory reports.
- Manage alerts and cases which are highly sensitive and confidential information.
- Identify and escalate any detected control deficiencies.
- Possess a basic knowledge of the regulatory guidance and requirements for investigations and Suspicious Activity Reporting (SAR) completion.
Required qualifications, capabilities, and skills:
- Bachelor's degree and/or minimum two to three years equivalent experience in compliance or investigations
- Two to three years in an investigative role or role that requires research and problem-solving skills
- Excellent research and analytical skills to review information and draw appropriate conclusions
- Excellent written and verbal communication skills
- Proven judgment and problem-resolution skills
- Demonstrated ability to prioritize and meet deadlines in a fast-paced environment
- Experience in filing Suspicious Activity Reports (SARs), experience in understanding of regulatory concepts including but not limited to the Bank Secrecy Act, US Patriot Act and Anti-Money Laundering
Preferred qualifications, capabilities, and skills:
- Basic Forensic skills with strong attention to detail and accuracy
- Basic Industry knowledge
- Multi-tasking skills; Organizational skills, and Time Management
- Issue resolution; Problem solving
Apply for this great opportunity today!!!
Salary : $30
